With the first two months of 2021 now over and done with, here we are in March and Spring is upon us. This time of year usually means the weather gets brighter, the sun stays out for longer and that summer is on its way… generally it’s a time associated with positivity and good things to come. In tradition this is reflected in the housing market as with the better weather and winter behind us many tend to see Spring as the perfect time to put their properties up for sale and start the process of moving, whether it be for more space inside and out, or to downsize into something more manageable. 2021 could possibly be a little different than usual given where we are in the world right now and the country just beginning to see the lockdown gradually lifted; this has of course had an effect on the property market and I’m sure there are many out there waiting for things to ‘blow over’ before making any decisions. We at Cross Keys have seen continued extremely high levels of activity right the way through from May last year once lockdown #1 was lifted until now, during lockdown #3. In the month of January alone we agreed around 60 sales… so this is evidence enough that now is not the time to hold off and if you’re thinking of selling, we advise you get the process started as at present we are still seeing record breaking prices, lots of activity and most importantly there are lots of buyers out there actively searching for their new homes!
It has now been suggested that the stamp duty holiday, something which has been instrumental in keeping the property market going during the pandemic, is likely to be extended by the government in the coming weeks. This is good news for all concerned as it will likely mean the continuation of high levels of activity and also allow those homeowners who would like to move and save money by taking advantage of no stamp duty a little more time to jump on the bandwagon and complete their sale and purchase in time. Watch this space for more news on this.
In line with the potential stamp duty holiday extension, we also wanted to help the people of Plymouth looking to move also save some money … in 2020 we decided to offer discounts on both our sales and lettings fees to our NHS Staff and Key Workers in order to thank them for all their hard work during the pandemic and lockdown. This offer was due to expire at the end of 2020, however since the pandemic hasn’t expired with the new year, neither have our discounts! Therefore, if you are a key worker and are looking to sell your home, we are continuing to offer a 50% reduction on our selling fees based on our standard rate of 1.5% plus VAT, meaning our fee will be just 0.75% plus VAT! (Subject to a minimum fee of £1,200). This includes our high quality professional photography, 2D and 3D floorplans and a video tour for your property as standard.
If you are a landlord with a property to let, we are offering 50% off of our standard Fully Managed fees for 6 months, along with a free Landlord Transfer Service to bring your property (or properties) across to us! This is based on our standard managed fee of 14%. If you are looking to use our tenant find only service, we are also offering a 20% reduction on our fee making this service just £400! Also including our high quality photography, 2D & 3D floorplans and video tours as standard.
Especially during these unprecedented times, we really want to share the love in any way we can, so these discounts are essentially a big thank you from us and a promise to help as many people as we possibly can with their moves and also make it as affordable as possible.
Where to begin, 2020 has been a very strange year and for some it’s sadly been the worst year possible; people are facing huge disruptions and changes to their lives which none of us could have predicted. If we go back to 12 months ago, I don’t think any of us could have even imagined where we’d be now, in and out of lockdown and not knowing what the future holds…
For many businesses 2020 has been a hard year for them, facing months of not being able to trade and with the restrictions currently in place even when open most businesses are looking at largely reduced capacity meaning ultimately reduced income and trying times ahead. Estate Agents initially closed up shop just like everyone else when the lockdown was announced on 23rd March and the market essentially ground to a halt. Without being able to conduct any appointments including viewings, valuations and all other important stages of the house buying process we were all left motionless… however this was 100% the right thing to do in order to make a change and fight the virus.
During the lockdown we carried on working in the background from home and took the time as an opportunity to reflect on ourselves, iron out the creases and make sure that when we do return to our offices, we hit the ground running and are more streamlined than ever. Part of this included the introduction of Video Tours, something which we are very proud of as we designed, created and perfected them ourselves. The quality of our video tours is something which we have received many compliments for and they were instrumental in securing a large number of lets and even a handful of sales before the lockdown restrictions were lifted for Estate Agents in May.
Thanks to our preparations, the week we reopened we were inundated with potential buyers and vendors looking to sell their homes; and after just 5 days back in the fold we secured some 15 sales on properties ranging from £100,000 all the way to £500,000… it was fantastic! This initial flurry did not stop, and honestly has not stopped yet. Every week we are securing more sales than ever, the prices we are achieving for our clients are higher than ever and we’re seeing record breaking achievements across the board and in all areas of Plymouth.
In order to thank our wonderful NHS and other key workers who were out there face to face with the virus whilst we were safely in our homes, the managers and directors of Cross Keys decided to implement a discount on our sales and lettings fees of a 50% reduction for NHS and keys workers as a huge thank you from all of us; this deal was to last until the end of 2020 and is potentially going to be extended into 2021. This has been a huge part of our success this year and we are thrilled that so many people have benefitted from something which we are very proud to offer.
As 2020 draws to a close most of us are looking forward to Christmas and the new year with optimism and are also looking forward to leaving what has been a tough 12 months behind us. So on behalf of all of us here at Cross Keys, we’d like to thank our clients both old and new for your continued support; and we’d like to wish everyone a very Merry Christmas and a Happy New Year. We are looking forward to working with you all in 2021 and for many more years to come!
As many of you will know, the rainy season is already upon us and we have seen some heavy downpours in the last month or so. You may be one of those people that likes the autumn and winter more so than spring and summer but for the majority of home owners / renters / sellers this is the time of year that sees where the faults in your property are.
Have you had a slate from the roof come off? Is there a crack in your render that has now allowed an unsightly damp patch to appear? Has your chimney had any water ingress? Do your windows have cracks in the frames that might be letting water in?
If the answer to these questions is “NO” then count your blessings and move on to the next section where we will talk about energy efficiency. If the answer to any of these questions is yes then please take my advice and deal with them sooner rather than later. A small problem now that is left unresolved can result in catastrophic issues in time to come.
A small crack in your render can easily be chased out and filled rather that in a few month time needing the whole wall being hacked off and re-rendered. Replacing a slipped tile may only take a day or two to get fixed but water coming for a prolonged period could result in the timber starting to rot or ceiling collapsing or the electrics failing where the lighting is.
Water will always find a way, your job is to make it as hard as possible for the water to get in. If the water does get in and the temperature starts to fall, then consider the ramifications of moisture in the fabric of your house. If this moisture freezes, then untold amounts of damage can occur and usually this will lead to expensive and unwanted bills at a time of year where we normally have other important things to spend our hard earned cash on.
Maintenance is not a sexy subject that grips everyone and get them excited but there is an old saying “Prevention is better than a cure” and regular updates on your property is highly recommended to ensure that they are in the best possible condition in order to withstand one of our winters.
Moving on from maintenance, we need to consider the effects of not having enough insulation in our properties. Insulation is relatively cheap but highly effective at keeping our homes not only warm but also energy efficient. There are currently a lot of schemes around that are offering either free or hugely discounted fees for installation of the best quality insulation. Keeping your home warm isn’t just for your comfort but also helps ensure that your property is being looked after because at the end of the day, warm and dry will always be better that cold and damp.
I really hope that you have found this blog informative and helpful, it may seem like these subjects are trivial but trust me, they do help to make sure your property is in its best possible condition for both living in and for selling. If you are a tenant, it is also really important to inform your managing agent or landlord if you have any of these issues or other minor problems, especially if it concerns water or moisture inside of the home. A dripping tap left dripping for a long time could escalate from simply needing a washer to be replaced to needing an entire kitchen unit or worktop needing replacing.
Like they say in Game Of Thrones “Winter is coming” be prepared.
